F.N.B. (NYSE:FNB) Price Target Raised to $20.00

F.N.B. (NYSE:FNB) had its price target increased by DA Davidson from $19.00 to $20.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. Piper Sandler reiterated an “overweight” rating on shares of F.N.B. in a research report on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on shares of F.N.B. from $16.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company reduced their price objective on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Stephens raised their price objective on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Raymond James lifted their target price on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

F.N.B. Stock Up 0.1 %

Shares of FNB opened at $15.53 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.92. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 4.80 and a beta of 1.01. F.N.B. has a 1 year low of $12.49 and a 1 year high of $17.70. The business’s 50 day simple moving average is $15.66 and its 200-day simple moving average is $14.91.

F.N.B. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were issued a $0.12 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 3.09%. F.N.B.’s payout ratio is 38.10%.

Insider Activity at F.N.B.

In other news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.50, for a total value of $2,062,500.00. Following the transaction, the chief executive officer now directly owns 1,652,229 shares in the company, valued at approximately $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On F.N.B.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC raised its stake in shares of F.N.B. by 17.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,463 shares of the bank’s stock valued at $417,000 after acquiring an additional 4,574 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of F.N.B. by 1.8% in the 2nd quarter. Sei Investments Co. now owns 1,365,518 shares of the bank’s stock worth $18,680,000 after buying an additional 24,474 shares during the period. Bank of Montreal Can grew its position in shares of F.N.B. by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 47,679 shares of the bank’s stock worth $653,000 after buying an additional 1,040 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of F.N.B. by 181.6% during the second quarter. AQR Capital Management LLC now owns 3,047,133 shares of the bank’s stock valued at $41,045,000 after buying an additional 1,964,884 shares during the period. Finally, Deerfield Management Company L.P. Series C bought a new stake in shares of F.N.B. in the second quarter valued at about $266,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

About F.N.B.

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.